Debt Payoff Calculator

Compare the Avalanche (highest-rate first) vs Snowball (smallest-balance first) debt payoff strategies.

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Your Debts

Balance ($)

Rate (%)

Min ($)

Balance ($)

Rate (%)

Min ($)

Balance ($)

Rate (%)

Min ($)

Extra Monthly Payment

Applied after minimums to target debt

Strategy Comparison

AvalancheHighest rate first

4y 1mo

$5,523 interest

SnowballSmallest first

4y 1mo

$5,523 interest

Total debt$28,000

Total minimum payments$600/mo

Total monthly payment$800/mo

Which strategy is right for you?

Avalanche: Saves the most money in interest. Best if you stay motivated.

Snowball: Pays off small debts first for psychological wins. Better for motivation.

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